Pedestrians walk past a German luxury fashion house Hugo Boss store in Shenzhen Bao'an International Airport.Alex Tai | SOPA Images | LightRocket | Getty Images)Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of persistent...
Day: July 19, 2024
With corners of the media industry in upheaval, Netflix makes clear it’s staying out of the fray
A couple sits in front of a television with the Netflix logo on it.Picture Alliance | Picture Alliance | Getty ImagesNetflix's second-quarter earnings report contained no bombshells, and that's just fine for the company and its investors.In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros....
Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale
People look at a virtually complete Stegosaurus fossil on display at Sotheby’s on July 10, 2024 in New York City.Alexi Rosenfeld | Getty ImagesBillionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late Jurassic stegosaurus skeleton for $44.6 million at Sotheby's on Wednesday, marking the most...
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Golden Horn and Bosphorus at sunset, Istanbul, TurkeyMatteo Colombo | Digitalvision | Getty ImagesTurkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country's high levels of inflation."Türkiye stands out with a...